Home Equity Line of Credit
EquityLine is our fixed or variable rate revolving line of credit. EquityLine offers
instant access to a pre-arranged personal line of credit based on the equity
in your home. Interest is charged only against the outstanding balance of
your line of credit.
EquityLine is ideal as a source of available credit for major future
expenses, such as: (1) home improvement projects that may require
contractors to be paid at different stages of construction, (2) a major
purchase, such as new automobile, boat or camper, (3) college or graduate
school tuition payments, or (4) equity for the purchase of a second home.
Another feature of EquityLine is that the interest may be tax deductible.
Consult your tax advisor for tax deductibility.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money-laundering
activities, federal law requires all financial institutions to obtain, verify
and record information that identifies each person who opens an account. What
this means for you: When you open an account, we will ask for your name,
address, date of birth, and other information that will allow us to identify
you. We may also ask to see your driver's license or other identifying